UK supermajor BP made its first major foray into a shale play since 2009 when it struck a deal with a landowners group to lease more than 80,000 acres for $312 million — $3900 an acre.
Start-up Halcon Resources moved into Trumbull as it built its own Utica position spanning northern Ohio and Pennsylvania, and both companies are just beginning their exploration drilling campaigns with single-rig programmes.
Trumbull
